
Law & Compliance Division Conference
24 April 2024 - 26 April 2024 • 11:00 AM - 1:30 PM ET
Connect with legal & compliance professionals in the cleared derivatives industry at L&C 2024, taking place 24-26 April. Featuring a program curated by industry experts, the Law & Compliance Division Conference examines all the pressing industry legal and regulatory developments, reviews the latest enforcement cases and offers practical compliance tips and strategies for all market participants. Learn from the experts and strengthen and protect your firm, your clients, the cleared derivatives industry and all who participate in it.
L&C meets the needs of multiple levels of practitioners in the industry, from the new law firm associate to the Chief Compliance Officer. Earn CLE credit through sessions dedicated to new developments, legal careers in cleared derivatives, key issues and compliance program best practices.
Mark your calendar and make plans to join us for L&C 2024 at the Gaylord National Resort in National Harbor, MD, on 24-26 April 2024.
2023 Agenda
- Wednesday 26 April
- Thursday 27 April
- Friday 28 April
11:00 a.m. ET
Registration Open
Registration sponsored by Sullivan & Cromwell
Lanyards sponsored by Allen & Overy LLP
Conference tote bags sponsored by Katten
11:30 a.m. ET
Arrival Refreshments
Co-Sponsored by FIA and CME Group
12:00 p.m. ET
Exhibits Open
1:30 p.m. ET
Welcome Remarks – L&C Division Co-President Ruth Arnould, Bank of America
1:45 p.m. ET
Keynote Address & Fireside Chat
After brief remarks on the resilience of the derivatives industry and its “people power,” FIA President and CEO Walt Lukken will sit down with L&C Division Co-President Ruth Arnould to discuss the key themes of the L&C Conference and 2023 priorities for the legal community.
2:15 p.m. ET
New Frontiers in Regulation & Compliance
Discuss new frontiers facing legal and compliance departments across the derivatives and securities industries with the introduction of new products and technologies, the reshaping of market structures, and historic market volatility.
Moderator:
- Ruth Arnould, Managing Director & Associate General Counsel, Bank of America
Panelists:
- Gary DeWaal, Senior Counsel, Katten
- Sachiyo Sakemi , Managing Director, Legal & Compliance, BlackRock
- Jill Sommers, Senior Advisor, Patomak Global Partners
- Carol Wooding, Senior Vice President, General Counsel and Secretary, NFA
- Douglas Yatter, Global Vice Chair, White Collar Defense & Investigations Practice, Latham & Watkins
3:30 p.m. ET
Networking Break
Co-Sponsored by Baker Botts L.L.P., Bracewell LLP, Faegre Drinker Biddle & Reath LLP, WilmerHale
4:00 p.m. ET
Enforcement Trends: Where Are We Headed?
Hear from the experts about recent CFTC, SEC, DOJ and exchange enforcement cases and what to expect in the year ahead.
Moderator:
- James (Jamie) McDonald, Partner, Sullivan & Cromwell
Panelists:
- Stacie Hartman, Partner, Steptoe & Johnson
- Renato Mariotti, Partner, Bryan Cave Leighton Paisner
- Patrick Swartzer, Director, Market Regulation, ICE Futures U.S.
- Ellen Wheeler, Partner, Foley & Lardner
5:10 p.m. ET
Roundtable #1 -Meet Your SRO: CME, ICE and NFA
CLE Is not offered for this Roundtable
Here is your chance to hear from your SRO: what are their priorities and what steps can your firm take to have productive engagement with SRO staff?
Moderator:
- Gregory Compa, Senior Director, Head of Institutional Compliance, Coinbase
Panelists:
- Debbie Kokal, Executive Director, Financial Surveillance, CME Group
- Vito Naimoli, Chief Regulatory Officer, ICE Futures U.S.
- Regina Thoele, Senior Vice President, Compliance, NFA
- Andrew Vrabel, Managing Director & Chief Regulatory Officer, CME Group
Roundtable #2 - Diversity in Legal & Financial Services -
CLE is not offered for this Roundtable
What can we do as an industry, and lawyers and compliance personnel in particular, to promote, sustain and engage on the critical topics of diversity and inclusion?
Moderator:
- Katherine Cooper, Partner, Davis Wright Tremaine
Panelists:
- Cliffe Allen, Managing Director, Swaps, NFA, Wednesday, Roundtable Diversity
- Carl Kennedy, Partner, Katten
- Michelle MacDougall, Managing Director and General Counsel, Daiwa Capital Markets America
5:15 p.m. ET
Opening Reception
Schedule subject to change.
7:00 a.m. ET
Registration Open
Registration sponsored by Sullivan & Cromwell
Lanyards sponsored by Allen & Overy LLP
Conference tote bags sponsored by Katten
7:30 a.m. ET
Continental Breakfast
Co-Sponsored by Baker Botts L.L.P., Bracewell LLP, Faegre Drinker Biddle & Reath LLP, WilmerHale
8:00 a.m. ET
Exhibits Open
8:30 a.m. ET
Meet the Directors: CLE is not offered for this panel
CFTC directors will discuss their respective staff's missions, priorities and past, present and future initiatives.
Moderator:
- Allison Lurton, Chief Legal Officer & General Counsel, FIA
Panelists:
- Clark Hutchison, Director, Division of Clearing and Risk, CFTC
- Ian McGinley, Director, Division of Enforcement, CFTC
- Vincent McGonagle, Director, Division of Market Oversight, CFTC
- Mauricio Melara, Deputy Director, Office of International Affairs, CFTC
- Amanda Olear, Director, Market Participants Division, CFTC
9:30 a.m. ET
Break
9:45 a.m. ET
CONCURRENT SESSIONS
Comparing CFTC and SEC Client Protection Regimes
Ever wonder about the differences between the CFTC and SEC customer protection regimes -- how they are similar, different and, at times, somewhere in between? What implications they have for CCPs, brokers and customers? Panelists will discuss the basics and nuances of the two regimes and whether we can expect changes in the years to come.
Moderator:
- Melissa Zierk, Managing Director, General Counsel, R.J. O’Brien
Panelists:
- Joshua Beale, Associate Director, Market Participants Division, CFTC
- Ronald Filler, President, Ronald Filler & Associates
- Geoffrey Goldman, Partner, Shearman & Sterling
- Michael Macchiaroli, Risk Management & Control Associate Director, SEC
- Michael Topiel, Executive Director and Counsel, UBS
Cross-Border Regulations: Around the World in 60 Minutes
Get practical updates and insights on how new laws and regulations outside the US may impact you and your customers.
Moderator:
- John Nicholas, Managing Director and Senior Regulatory Compliance Officer, SG Americas Securities
Panelists:
- Michelle Crutchfield, Director & Assistant General Counsel, Bank of America
- Peter Kals, Senior VP and Assistant General Counsel, Citi
- Nathaniel Lalone, Partner, Katten
- Deanna Reitman, Of Counsel, DLA Piper
- Eric Seinsheimer, Director (Legal) Americas, Eurex & US CCO, Eurex Clearing AG
LIBOR Transition: Are We Done Yet?
LIBOR is soon-to-be no more. What's the state of the transition and what remains? What are the implications for exchanges, CCPs, brokers and customers?
Moderator:
- Tammy Botsford, Executive Director and Assistant General Counsel, J.P. Morgan
Panelists:
- Tamika Bent, Counsel, Linklaters
- Michael Parodi, Counterparty Relations, Bridgewater Associates
- Lary Stromfeld, Partner, Cadwalader
- Owen Taylor, Head of Legal: Clearing Services, LCH
10:45 a.m. ET
Networking Break
Co-Sponsored by Baker Botts L.L.P., Bracewell LLP, Faegre Drinker Biddle & Reath LLP, WilmerHale
11:15 a.m. ET
CONCURRENT SESSIONS
Rethinking Market Structure: Execution & Clearing
Change is afoot with execution and clearing infrastructure in derivatives and securities. Or is it? Experts will discuss recent CFTC and SEC market structure initiatives. Are they needed? Will they come to pass? Let's debate.
Moderator:
- Robert Klein, Managing Director and General Counsel, Citigroup Global Markets
Panelists:
- Kara Dutta, Assistant General Counsel, Intercontinental Exchange
- Stephen Humenik, Global Head of Derivatives Legal, Crypto.com
- Colin Lloyd, Partner, Sullivan & Cromwell
- Peter Malyshev, Partner, Cadwalader Wickersham & Taft
- Dawn Stump, Former CFTC Commissioner
Managing an Effective Compliance Program
Can you identify the pillars of an effective compliance program? Do the answers change in volatile markets or a down economy? We'll discuss how to establish, maintain and grow an effective compliance program amidst the varied, complicated and sometimes unforeseen pressures of the real world.
Moderator:
- Matthew VosBurgh, Head of Swap Dealer Compliance, Barclays
Panelists:
- Sabeena Ahmed Liconte, Chief Compliance Officer, ICBC Standard Securities
- Kathleen Clapper, Managing Director, Compliance, NFA
- Dan Davis, Partner and Co-Chair, Katten
- Matthew Kulkin, Partner, WilmerHale
- Janet McCormick, Executive Director, Head of FCM Regulatory Governance Compliance, UBS
12:15 p.m. ET
Break
12:30 p.m. ET
Annual Meeting & Keynote Lunch
Co-Sponsored by FIA and Willkie Farr & Gallagher
The robots are coming and they’re getting smarter...leading expert in social robotics and MIT Media Lab research scientist Dr. Kate Darling will explore the opportunities and challenges of human-robot interaction, the true potential of AI and robotics and the limits of what robots and AI can do.
Speaker:
- Kate Darling, Leading Expert in Social Robotics and MIT Media Lab Research Scientist
2:00 p.m. ET
Break
2:15 p.m. ET
CONCURRENT SESSIONS
Best Practices for Responding to Investigations and Enforcement Inquiries
Your firm receives a call from the exchange inquiring about suspicious trading. The CFTC sends a notice of investigation. What do you do next? Be prepared with a gameplan from the experts.
Moderator:
- Matthew Lischin, Managing Director & Co-Head of US CM Law Group, RBC Capital Markets
Panelists:
- Gretchen Lowe, Principal Deputy Director, Division of Enforcement, CFTC
- Charley Mills, Partner, Bracewell
- Vito Naimoli, Chief Regulatory Officer, ICE Futures U.S.
- Paul Pantano, Jr., Senior Counsel, Corporate & Financial Services, Willkie Farr & Gallagher LLP
- Nancy Stern, Managing Director, General Counsel & Chief of Staff, ABN AMRO Clearing
CPO/CTA Issues
Know your customer. Learn the regulatory, legal and operational issues that are top of mind for asset managers and investment funds.
Moderator:
- Sarah Riddell, Of Counsel, Morgan Lewis & Bockius
Panelists:
- Jan Folena, Partner and Co-Chair of Securities Litigation Enforcement, Stradley Ronan
- Aaron Friedman, Deputy U.S. Head of Government & Regulatory Policy, Citadel
- Ray Ramirez, Partner, Eversheds Sutherland (US)
- Jeff Steiner, Partner, Gibson Dunn & Crutcher
- Joshua Sterling, Partner, Jones Day
3:15 p.m. ET
Networking Break
Co-Sponsored by Baker Botts L.L.P., Bracewell LLP, Faegre Drinker Biddle & Reath LLP, WilmerHale
3:45 p.m. ET
CONCURRENT SESSIONS
Worst Day in the Career of a FCM In-House Attorney (Ethics Issues)
This panel will follow a hypothetical day in the life of a FCM in-house attorney, who faces snowballing ethics hurdles as the worst day of their career progresses from accidental disclosure of confidential information to books and records fraud and misconduct.”
Moderator:
- Kristyn Walker, Senior Counsel, Wells Fargo
Panelists:
- Jon Ammons, Partner, Reed Smith
- GuyLaine Charles, Founder, Charles Law
- Ryan Hayden, Associate, Davis Polk & Wardell
- Nathan Howell, Partner, Sidley Austin
- David McIndoe, Partner, Eversheds Sutherland
Reporting & Recordkeeping: Is Technology a Blessing or Curse?
CFTC swap reporting go-live. The SEC's proposal mandating reporting of large security-based swap positions. The agencies' 10-figure fines for recordkeeping violations relating to employee use of personal devices. Reporting and recordkeeping rules have made headlines. Panelists will reflect on a frenetic year and what it portends for the future of reporting and recordkeeping compliance.
Moderator:
- Ari Nakkab, Executive Director, Global Head of CGM Compliance and Global Head of Supervision, Macquarie
Panelists:
- Anthony Mansfield, Partner, Allen & Overy
- Ryan Olszewski, Compliance Officer – Director Regulatory Reporting, Societe Generale
- Christopher Reinhardt, Executive Director, Global Head of Market Surveillance, CME Group
- Natalie Tynan, Associate General Counsel, Head of Technology Documentation Strategy, FIA
- Alan Walkow, Senior Counsel, HSBC
Event Markets, Retail & Innovative Products
Innovate or die. Exchanges and market participants are constantly pushing forward with new products. Meanwhile, regulators must make tough decisions on whether and how to accommodate such products within existing statutory and regulatory frameworks. This panel will discuss emerging event, retail and other innovative products in digital assets and DeFi, what CFTC and SEC rules are relevant, and what they mean for market participants.
Moderator:
- Conor Weber, Senior Director & Associate General Counsel, CME Group
Panelists:
- Micah Green, Partner, Steptoe & Johnson
- Angie Karna, Managing Director and Head of Global Markets Legal, Americas, Nomura International
- Dan Laczynski, Director, Compliance, Charles Schwab Futures and Forex
- Anne Loranger, Chief Regulatory Officer, Railbird Exchange
- Edward So, Partner, White & Case
5:00 p.m. ET
Roundtable #1 - Buyside Issues -
CLE is not offered for this Roundtable
Join us for a practical, informal discussion of the legal and compliance issues facing the buyside today. Whether you're a buyside participant hoping to learn from your peers or a sellside participant looking to understanding your clients better, there is something for everyone!
Moderator:
- Rita Molesworth, Willkie Farr & Gallagher
Panelists:
- David Mitchell, Fried Frank
- Christine Stevenson, Hartree Partners
- Stephen Waldman, Tudor Investment Corporation
Roundtable #2 - Tech Showcase: Communications Surveillance
CLE is not offered for this Roundtable
Recent SEC and CFTC enforcement cases demonstrate the need for firms to have the right technology in place to monitor chat messages and other forms of communications as part of their compliance programs. We are bringing together three of the leading service providers – Global Relay, SteelEye and VoxSmart- in a special showcase to help you understand the technology available and assess what your firm might need. Compliance expert Ari Nakkab of Macquarie Group will take these firms through a series of rapid-fire presentations to highlight their relevance to firms in the derivatives markets. Each service provider will be available at the end of the showcase to answer your questions. Drinks will be available!
Moderator:
- Ari Nakkab, Executive Director, Global Head of CGM Compliance and Global Head of Supervision, Macquarie
Presenters:
- Chris Hartley, Vice President, Sales, Global Relay
- Don McElligott, Vice President, Compliance Supervision, Global Relay
- Brian Lynch, President, North America, SteelEye
- Morgan Martins, Chief Marketing Officer, VoxSmart
5:15 p.m. ET
Networking Reception
Co-Sponsored by FIA and Davis Wright Tremaine LLP
9:00 p.m. ET
Late Night Karaoke
Schedule subject to change.
7:00 a.m. ET
Registration Open
Registration sponsored by Sullivan & Cromwell
Lanyards sponsored by Allen & Overy LLP
Conference tote bags sponsored by Katten
7:15 a.m ET
Continental Breakfast
Co-Sponsored by Baker Botts L.L.P., Bracewell LLP, Faegre Drinker Biddle & Reath LLP, WilmerHale
8:00 a.m. ET
Exhibits Open
8:15 a.m. ET
Washington Update & Crypto Legislation - CLE is not offered for this Roundtable
Get an inside look at legislative priorities that stand to impact derivatives and digital assets. Can we expect to see anything noteworthy from a divided Congress?
Moderator:
- Kyle Glenn, Vice President of U.S. Government Relations, FIA
Panelists:
- Maggie Sklar, Partner, Davis Wright Tremaine
- Nathan Anonick, Professional Staff Member, Senate Committee on Agriculture, Nutrition and Forestry
- Jimmy Ryan, Partner & Co-Founder, Subject Matter
8:45 a.m. ET
Closing Remarks – L&C Division Co-President Matt Lischin, RBC Capital Markets
9:00 a.m. ET
Networking Break
Co-Sponsored by Baker Botts L.L.P., Bracewell LLP, Faegre Drinker Biddle & Reath LLP, WilmerHale
9:15 a.m. ET
CONCURRENT SESSIONS
Ethics - Investigations Scenario
The panel will discuss ethical issues from the perspective of attorneys representing the firm and individuals in a hypothetical regulatory investigation.
Moderator:
- Maria Chiodi, Managing Director & Counsel Legal & Compliance, Credit Suisse Securities
Panelists:
- Harris Kay, Partner, Davis Wright Tremaine
- James Lundy, Partner, Foley & Lardner
- Michael Spafford, Partner, Paul Hastings
- Khadija Waugh, Senior Director & Associate General Counsel - Litigation, CME Group
- Kathleen Yohe, Managing Director & Associate General Counsel, Deutsche Bank Securities
Treasury Market Structure
The SEC is proposing to revamp treasury clearing. It begs the question: is there a problem to be fixed? Panelists will debate and discuss implications for market participants who are active in treasury markets.
Moderator:
- Julie Mao, Vice President, Goldman Sachs
Panelists:
- Rob Cordell, Executive Director & Counsel, Mizuho Americas
- Brandon Hammer, Counsel, Cleary Gottlieb Steen & Hamilton
- Laura Klimpel, Managing Director, DTCC
- Jonah Platt, U.S. Head of Government & Regulatory Policy, Citadel Securities
Commodities/End User
Energy, agriculture and metals saw another historic year of market turbulence. The COVID-19 pandemic continues to weigh on supply and demand curves. And geopolitical forces have been thrust front and center. What are the lessons learned for compliance and legal departments?
Moderator:
- William McCoy, Managing Director, Legal and Compliance Division, Morgan Stanley
Panelists:
- Casey Khan, Counsel, Sidley Austin
- Michael Loesch, Partner, Baker Botts
- Jennifer Minnis, Managing Counsel, BP Corporation North America
- Laura Mul, Director, US Futures and Commodities Compliance, RBC Capital Markets
- Thane Twiggs, Risk Management, Chief Compliance Officer, Cargill
10:15 a.m. ET
Break
10:30 a.m. ET
CONCURRENT SESSIONS
Crypto Regulation & Enforcement
Crypto is a scourge or panacea, depending on whom you ask. Experts will explore how regulators are responding to high-profile failures in digital asset venues and platforms while balancing the potential promise many still see in these products.
Moderator:
- Neal Kumar, Partner, Willkie Farr & Gallagher
Panelists:
- Julia Hueckel, Senior Policy Advisor, Global Regulatory Policy, Coinbase
- Cheryl Isaac, Partner, K&L Gates
- Kimberly Johns, Managing Director & Senior Counsel, Global Head of Digital Assets Legal, Goldman Sachs
- Yvette Valdez, Partner, Latham & Watkins
Global Clearing & Bankruptcy
Experts will review and discuss global developments in clearing, including CCP governance, CCP recovery and resolution rules and netting opinions. The panel will also discuss new clearing models and the issues they may raise under the Bankruptcy Code and CFTC Part 190 regulations.
Moderator:
- Jackie Mesa, COO and Senior Vice President of Global Policy, FIA
Panelists:
- Vincent Lazar, Partner, Jenner & Block
- Darren Littlejohn, Partner, Clifford Chance US
- Edward Mayfield, Director & Assistant General Counsel, Bank of America
Bob Wasserman, Chief Counsel, Division of Clearing and Risk, CFTC
- Johns Williams, Partner, Milbank
11:30 a.m. ET
Networking Break
Co-Sponsored by Baker Botts L.L.P., Bracewell LLP, Faegre Drinker Biddle & Reath LLP, WilmerHale
11:45 a.m. ET
CONCURRENT SESSIONS
Carbon & Climate Markets
This panel will go in depth on compliance and voluntary carbon markets, as well as related listed and OTC derivative markets. What legal, documentation and compliance issues need to be considered when transacting in these products?
Moderator:
- Kari Larsen, Partner, Willkie Farr & Gallagher
Panelists:
- Alessandro Cocco, Vice President and Head of Financial Markets Group, Federal Reserve Bank of Chicago
- Abigail Knauff, Special Counsel, Office of Chairman Rostin Behnam, CFTC
- Daniel Scarbrough, Co-Founder, President and Chief Operating Officer, IncubEx
- Ferdisha Snagg, Counsel, Cleary Gottlieb Steen & Hamilton
- Edward Zabrocki, Managing Director & Counsel, Morgan Stanley
Practical Pointers for Better Examinations
Hear from examiners and the examined: what are the keys for a successful annual exam?
Moderator:
- Jamila Piracci, Principal, Roos Innovations
Panelists:
- Joseph Ajibesin, Executive Director and Counsel, Morgan Stanley
- Carl Kennedy, Partner and Co-Chair, Katten
- Ryan Lester, Managing Director, Goldman Sachs
- Stephen Montgomery, Managing Director, Compliance, Wells Fargo
12:45 p.m. ET
Grab & Go Lunch
Co-Sponsored by Baker Botts L.L.P., Bracewell LLP, Faegre Drinker Biddle & Reath LLP, WilmerHale
Schedule subject to change.
Contact Toni Vitale Chan, Vice President of Business Development at +1 312.636.2919 to discuss sponsorship and exhibit opportunities.
L&C 2023 Sponsors
Law & Compliance Division
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Learn more
The FIA Law & Compliance Division monitors legal and regulatory developments affecting the futures and derivatives industry, assisting FIA in providing information to help relevant regulators and courts make decisions that affect the futures and cleared swaps community. The division discusses issues with U.S. and International regulators and exchanges and prepares comment letters, position papers, and court briefs when appropriate. More than 600 industry professionals are members of the division and take part in regularly scheduled events and webinars in addition to the annual conference.